fha guidelines for home inspection

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Official HUD Guidelines for the FHA Program. The FHA loan program is managed by the Department of Housing and Urban Development (HUD). They HUD website offers dozens of handbooks relating to the FHA mortgage-insurance program, adding up to more than 10,000 pages. That’s a lot of reading material.

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2014 FHA House / Property Requirements; 2014 FHA Home Appraisal Guidelines; Where to Learn More. These are obviously not the only fha home inspection checklists and requirements in 2014. These are just some of the more common discrepancies found by inspectors. To learn more about this subject, you can refer to the official HUD handbook.

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The private home inspection was born. A short time later I get a call. After training sessions, familiarizing myself with HUD/FHA requirements and getting approved credentials I now do HUD/FHA.

FHA Appraisal vs Home Inspection What Is the Difference between an FHA Appraisal and a Home Inspection? When Congress created the Federal Housing Administration, part of the mission was to ensure that Americans had access to safe housing. For this reason, any home purchased using an FHA loan must meet minimum property standards.

FHA is the largest insurer of residential mortgages in the world. fha loan requirements and guidelines cover things like mortgage insurance, lending limits, debt to income ratios, credit issues, and closing costs.

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FHA loan requirements are published in a handbook more than. An FHA appraisal includes a strict inspection, assessing a home not only on value but also on minimum property standards. The property.

If you’re planning to use an FHA loan to buy your next home, this article will help you understand the different factors a home appraiser takes into consideration. Why are there FHA home requirements? There are several reasons for a home appraisal. When the FHA insures your home loan, your house serves as collateral.

FHA: When an FHA loan is being used, the appraiser has two objectives. The Department of Housing and Urban Development (HUD) requires him to determine the current market value, as with any appraisal. But they also require a property inspection to make sure the home meets HUD’s minimum standards for health and safety.